DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Up 160.0% in July

by · The Cerbat Gem

DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 538,112 shares, a growth of 160.0% from the June 30th total of 206,984 shares. Based on an average trading volume of 471,994 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several large investors have recently made changes to their positions in DSL. Wells Fargo & Company MN lifted its holdings in shares of DoubleLine Income Solutions Fund by 68.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock valued at $26,517,000 after acquiring an additional 955,010 shares in the last quarter. Bank of America Corp DE increased its holdings in DoubleLine Income Solutions Fund by 255.8% in the 1st quarter. Bank of America Corp DE now owns 1,615,318 shares of the company’s stock valued at $17,494,000 after purchasing an additional 1,161,330 shares in the last quarter. Invesco Ltd. increased its holdings in DoubleLine Income Solutions Fund by 9.9% in the 4th quarter. Invesco Ltd. now owns 1,106,974 shares of the company’s stock valued at $12,476,000 after purchasing an additional 99,870 shares in the last quarter. UBS Group AG raised its position in DoubleLine Income Solutions Fund by 3.9% in the third quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock valued at $13,002,000 after purchasing an additional 39,491 shares during the period. Finally, Royal Bank of Canada raised its position in DoubleLine Income Solutions Fund by 14.9% in the first quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock valued at $9,631,000 after purchasing an additional 115,252 shares during the period.

DoubleLine Income Solutions Fund Stock Up 0.9%

Shares of NYSE:DSL traded up $0.10 during trading on Monday, reaching $10.64. 411,669 shares of the stock were exchanged, compared to its average volume of 576,966. DoubleLine Income Solutions Fund has a 12-month low of $10.49 and a 12-month high of $12.67. The firm’s 50-day moving average price is $10.87 and its 200 day moving average price is $11.06.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

DoubleLine Income Solutions Fund Company Profile

(Get Free Report)

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.

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